Cormark Has Bullish Forecast for Geodrill FY2025 Earnings

Geodrill Limited (TSE:GEO) – Equities research analysts at Cormark upped their FY2025 EPS estimates for shares of Geodrill in a note issued to investors on Tuesday, March 4th. Cormark analyst N. Dion now forecasts that the company will earn $0.37 per share for the year, up from their previous estimate of $0.35. The consensus estimate for Geodrill’s current full-year earnings is $0.31 per share.

Geodrill (TSE:GEO) last issued its quarterly earnings data on Monday, March 3rd. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.05). Geodrill had a return on equity of 7.24% and a net margin of 5.95%. During the same quarter in the prior year, the business earned ($0.03) earnings per share.

Geodrill Price Performance

Shares of TSE GEO opened at C$2.97 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.56 and a debt-to-equity ratio of 2.45. The firm has a fifty day simple moving average of C$3.10 and a two-hundred day simple moving average of C$2.88. The firm has a market capitalization of C$99.74 million, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.04 and a beta of 0.86. Geodrill has a 12 month low of C$1.66 and a 12 month high of C$3.32.

Insider Buying and Selling

In related news, insider Sustainable Capital Ltd sold 9,700 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of C$3.18, for a total value of C$30,846.00. Insiders sold a total of 186,100 shares of company stock worth $590,448 in the last three months. 41.12% of the stock is owned by corporate insiders.

Geodrill Company Profile

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.